For more information, contact: Gana Ahn Golin

For more information, contact:
Gana Ahn
Golin
404.367.2759
[email protected]
INVEST ATLANTA TO OFFER NEW HOUSING FINANCE PROGRAM THROUGH FANNIE MAE’S HFA
PREFERRED
ATLANTA (August 20, 2014) – Invest Atlanta announced today its Housing Finance Division has been
selected as one of five in the nation to offer Fannie Mae’s flagship affordable housing program, Housing
Finance Agencies (HFA) Preferred. The program enables Invest Atlanta to offer home loans at belowmarket interest rates to first-time homebuyers with low mortgage insurance costs.
“Our partnership with Fannie Mae comes at an optimal time when the housing market in Atlanta is
rebounding,” said Dawn Luke, managing director of Housing Finance at Invest Atlanta. “Programs like
HFA Preferred are instrumental in supporting this turnaround in the local housing market by making
homeownership in Atlanta achievable.”
Through HFA Preferred, Invest Atlanta will provide loans with up to 97 percent loan-to-value ratio. The
program is ideal for borrowers with limited funds for down payment and closing costs and those
needing extra flexibilities on credit, income sources or access to special options.
This program rounds out Invest Atlanta’s home ownership resources. Programs offered include Home
Atlanta 4.0, one of Invest Atlanta’s newest programs and offers two options for purchases and no cashout refinances, Atlanta Affordable Homeownership Program (AAHOP) which provides $10,000 or
$20,000 in mortgage assistance in the form of a zero-percent interest rate soft second mortgage, and
Vine City/English Avenue Trust Fund (HOAP), a program that delivers a zero-percent interest rate loan of
up to 10 percent of purchase price.
For more information on HFA Preferred or to apply, please visit: www.investatlanta.com/intownliving/downpayment-assistance-programs/hfa-preferred/.
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About Invest Atlanta
Invest Atlanta is the official economic development authority for the City of Atlanta. Its purpose is to
strengthen Atlanta’s economy and global competitiveness in order to create increased opportunity and
prosperity for the people of Atlanta.
Chaired by the Mayor of Atlanta, and governed by a nine-member board of directors, Invest Atlanta’s
programs and initiatives focus on developing and fostering public/private partnerships to create jobs,
grow the economy, revitalize neighborhoods, attract investment, spur innovation and encourage
entrepreneurship. To achieve these goals, Invest Atlanta leverages the benefits of bond financing,
revolving loan funds, housing financing, tax increment financing and tax credits.
About Fannie Mae
Fannie Mae enables people to buy, refinance or rent a home. To find out more, visit
www.fanniemae.com.

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